THURSDAY 26TH MARCH 2020

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CBN Unveils Modalities to Disburse N100bn Healthcare Credit Support Obinna Chima Central Bank of Nigeria (CBN) yesterday released guidelines for accessing the N100 billion credit support facility for the healthcare sector announced last week by its Governor, Mr. Godwin Emefiele.

The fund was announced as part of a raft of measures to cushion the impact of the COVID-19 pandemic on the economy. This came a day after the apex bank released the guidelines for a N50 billion targeted credit facility that was

also announced last week. According to a circular dated March 25 and signed by the CBN Director, Financial Policy and Regulation Department, Mr. Kevin Amugo, obtained on the bank’s website, the scheme would be funded from the Real Sector Support Facility –

Differentiated Cash Reserves Requirement (RSSF-DCCR). The bank stated that the exit date of the facility shall be December 31, 2030. It listed eligible participants under the scheme to include healthcare product manufacturers, including

pharmaceutical drugs and medical equipment; healthcare service providers/medical facilities – hospitals/clinics, diagnostic centres, laboratories, fitness and wellness centres, rehabilitation centres, dialysis centres, blood banks, etc. Some of the eligible activities

to be covered under the scheme include manufacturing of pharmaceutical drugs and medical equipment; establishment, expansion and upgrade of basic and specialised healthcare Continued on page 8

Airline Operators Count Losses, Suffer 80% Revenue Loss... Page 5 Thursday 26 March, 2020 Vol 25. No 9117. Price: N250

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Ministers to Take Tests as COVID-19 Bites Harder, Spreads to Eight States Infects Prince Charles Osinbajo tests negative With cases rising to 51, more govs selfisolate FG directs pharmaceutical research institute to identify herbal medicines active against pandemic Votes N16.5bn to curb spread CBN directs non-critical staff to work from home Dangote, banks to provide medical tents, urge govt to allow private labs conduct tests Our Correspondents Nigerian Centre for Disease Control (NCDC) is to conduct tests on ministers to determine their status following their contacts with some of the confirmed cases of COVID-19, THISDAY learnt yesterday. No fewer than five governors have also gone into self-isolation as a precautionary measure to prevent the spread

of the virus following their close proximity to some infected persons, especially their colleague in Bauchi State, Senator Bala Mohammed, and Chief of Staff to the President, Malam Abba Kyari, both of whom tested positive to the virus. It was also gathered that the ministers, some of whom had Continued on page 8

N’Assembly Leaders Meet Ministers, CBN Gov over 2020 Budget Review Deji Elumoye, Chuks Okocha and Udora Orizu in Abuja The National Assembly leadership yesterday met with the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed; Minister of State for Petroleum Resources, Chief Sylva Timipre; Governor of the Central

Bank of Nigeria (CBN), Mr. Godwin Emefiele; and other top government officials on the state of the economy and the planned review of 2020 Budget. THISDAY learnt that following yesterday’s meeting in Abuja, the Continued on page 9

PREVENTION BETTER THAN CURE... President of the Senate, Dr. Ahmad Lawan (left), and Speaker, House of Representatives, Hon. Femi Gbajabiamila, after a meeting on proposed review of 2020 Budget in Abuja…yesterday

Electricity Workers, NASU Threaten FG with Strike...

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THURSDAY 26TH MARCH 2020 by THISDAY Newspapers Ltd - Issuu